YRT Agreement definition

YRT Agreement means the Retrocession Agreement effective between and the Reinsurer providing for a retrocession of certain life insurance policies included in the Reinsured Contracts on a yearly renewable term basis and in the “Reinsured Contracts” ceded under the SLIC Reinsurance Agreement.
View Source

Examples of YRT Agreement in a sentence

  • Reserves for this YRT Agreement shall be based on 1/2cx using the minimum valuation mortality table and maximum valuation interest rate.

  • Modco Reinsurance Agreement, YRT Agreement, Administrative Services Agreement.

  • Reserves for this YRT Agreement shall be based on l/2c//x// using the minimum valuation mortality table and maximum valuation interest rate.

  • The parties to the Modco Agreement agree to make all payments under the Modco Agreement, regardless of whether to or from THE COMPANY, net of all payments under this YRT Agreement, regardless of whether to or from THE COMPANY.

  • THE COMPANY and THE REINSURER hereby acknowledge and agree that the Modco Agreement with M Life Insurance Company described in the Preamble that covers the same policies covered under this YRT Agreement will be subordinate to this YRT Agreement.

  • This is a YRT Agreement for indemnity reinsurance (the "Agreement") solely between Ameritas Life Insurance Corp.

  • Reserves for this YRT Agreement shall be based on 1/2cx, using the minimum valuation mortality table and maximum valuation interest rate.

  • If one or more arbitrations are already pending with respect to a dispute under this Agreement or a dispute under the YRT Agreement (BOLI), then either party may request that any arbitration or any new dispute be consolidated into any such prior arbitration.

  • Pursuant to the terms of the Trust Agreement, the assets in the Trust Account, including the residual interest therein, shall be held in trust by the Trustee for the sole and exclusive benefit of Cedant, and Reinsurer may deliver, at its cost, one or more Letters of Credit pursuant to Section 9.01 to fund an amount up to the OC Amount, in each case as security for the payment of Reinsurer’s obligations to Cedant under this Agreement and the YRT Agreement (BOLI).

  • This Agreement, the Somerset MTA, the Coinsurance Agreement (COLI and Remainder BOLI) and the YRT Agreement (BOLI) constitute the entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written, with respect to the subject matter hereof and thereof.